Key Insights
- Ethereum (ETH) price soared by 10% this week and was largely driven by $312M in Ethereum (ETH) ETF inflows.
- The cryptocurrency has formed a falling-wedge pattern on its daily chart, hinting at a potential 50% rally.
- Ethereum (ETH) is heading into the end of November with a key technical level in sight, and according to top analyst Titan of Crypto, this level could shape how December plays out.
Ethereum price soared by 10% this week and was largely driven by $312 million Ethereum (ETH) ETF inflows that hit the market over the past five days.
A leading analyst is cautiously optimistic about December. If Ethereum ends November above the Kijun line, the odds of a strong, positive December increase.
Traders are keeping a close eye on this level, as it could signal the next move in ETH’s rally.
What Made the Ethereum (ETH) Price 10% Weekly Surge Possible?
Ethereum soared back above $3,000, marking a 10% gain over the past week. The rally has been largely fueled by institutional investors.
Ethereum (ETH) ETF inflows hit $312 million in net deposits over the last five days as per insights from Farside.
This growing demand from ETFs sparked renewed buying across both spot and derivatives markets. Strategic investors also stepped back into accumulation mode.
Arkham reported that wallets linked to Tom Lee saw an additional $44.3 million in ETH flow into Bitmine-linked accounts
In a press release on November 24, Lee confirmed that Ethereum’s annual shareholders meeting will take place in January 2026 in Las Vegas.
He also noted that ETH has solid short-term support around $2,500 and suggested that the market may be entering a major super cycle.
Investors are now watching closely, as his comments hint at the possibility of bigger moves ahead for ETH.
What the Charts Say About Ethereum’s Next Target: Technical Signals and Outlook
Ethereum price formed a falling-wedge pattern on its daily chart, hinting at a potential 50% rally.
The pattern shows prices being squeezed between downward-sloping trendlines, signaling that sellers are losing control and a breakout could be coming soon.
It shows sellers are losing control and often leads to a breakout to the upside. Traders are watching closely, as a move above the wedge could spark the next big rally for ETH.
Ethereum is now pushing toward a major resistance level just below the Keltner Channel’s middle band around $3,108. Ethereum’s momentum is starting to swing in its favor.
The MACD has moved back into positive territory. Woodies CCI is also above zero and continues to form higher lows.
Together, these signs point to growing buying pressure and a slow return of market confidence. Now the focus shifts to the next major test.
Analysts say Ethereum needs a strong daily close above the mid-wedge resistance at $3,150 to $3,200.
A close above that zone would confirm a clean breakout and open the door to a larger move.
If the breakout holds, the wedge pattern points toward a target between $4,500 and $4,600 — an advance of about 53% from current prices.
December Forecast: What a Close Above the Kijun Could Mean for Ethereum (ETH)
Ethereum price is heading into the end of November with a key technical level in sight, and according to top analyst Titan of Crypto, this level could shape how December plays out.
On the monthly chart, ETH is now testing the Kijun-sen, a line that often acts as a major trend filter in Ichimoku analysis.
In previous cycles, monthly closes above this line have opened the door to strong upside follow-through.
The chart highlights several moments where reclaiming the Kijun marked the start of multi-month advances, while losing it tended to signal a slowdown.
This time, the setup looks similar. Ethereum has pushed back above the cloud and is trying to hold its position.
The question now is simple: can November close above the Kijun? If it does, Titan of Crypto notes that the chances of seeing a green December rise sharply.